Atlantic Group: Record-high sales with strong inflationary pressures

In 2022, Atlantic Grupa recorded sales of EUR 846,2 million, which is an 11.8 percent increase compared to the same period of the previous year. Under the influence of significant price increases in the overall spectrum of business activities, earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 20.6 percent compared to 2021 and amount to EUR 76,4 million, while net profit decreased by 43.2 percent and amounts to EUR 26 million.

– Despite many challenges in the environment, in 2022 Atlantic Grupa achieved record sales results, and the growth was achieved in all business and distribution units. After the years of Covid, 2022 was marked by Russia’s aggression against Ukraine, which caused an energy crisis, additional delays and shortages in supply chains, and significant price increases of almost all our strategic raw materials and services. We were only able to partially compensate for these increases in the prices by optimizing internal resources, and to a lesser extent by increasing our selling prices, which, as expected, led to a drop in profitability. Nevertheless, we continued to invest in business development – innovations in our product portfolio, modernization of production capacities and continued digital transformation – Emil Tedeschi, CEO of Atlantic Grupa pointed out.

Coffee, Beverages and Farmacia leaders in growth

The most significant growth of 20.2 percent was recorded by the Strategic Business Unit (SBU) Beverages, whose leading brand is Cedevita, followed by the SBU Coffee with Barcaffe and Grand kafa brands and the 16.2 percent growth, and the pharmacy business under the Farmacia brand also stands out with the double-digit growth of 10.5 percent.

Distribution units are led by Serbia with a 15.5 percent growth, and Croatia with a 10.7 percent growth.

Encouraged by the excellent distribution work, the distribution portfolio was also expanded, through cooperation with the new principal Intersnack (Chio) in Serbia, and the expansion of successful cooperation with Red Bull in Serbia to North Macedonia.

Record-high dividend, share split and strengthening management bodies

Among the important corporate events, it should be noted that the historically highest dividend in the amount of HRK 50 per share was paid, and the split of Atlantic Grupa’s shares was carried out, in such a way that one share, with an individual nominal amount of HRK 40, was divided into four new shares with an individual nominal amount of HRK 10.

Source: atlanticgrupa.com